With the Chinese stock market going into free fall, and stocks plummeting around the world, the financial industry is panicking. When the money men start panicking, it's probably prudent for pretty much everyone else to start panicking too. As of today, the Dow Jones has ...read more

In order to whip up a good bit of Red fear in America, politicians and pundits like to proclaim loudly that China 'owns America'. While China does hold a good portion of US debt, it isn't the Communist behemoth that 'owns America', it's actually still Japan. Writes Daniel Gross ...read more

North Korea acknowledged in a noon announcement broadcast on state TV that a satellite launched hours earlier from the west coast failed to enter into orbit. The U.S. and South Korea also declared the launch a failure. World leaders were swift to denounce the launch, calling ...read more

Some surreal footage released by state television in North Korea after the death of Kim Jong-Il: It's hard to tell how much of this is put on, how much of it is down to real reverence for the psychotic dictator and how much of it is down to fear. My guess is its some sort of ...read more